Oi, pessoal, É grande e grande #Update da minha negociação | Zain-Ashfaq na Binance Square

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Bearish

Oi, pessoal,
É grande e grande #Update   da minha negociação de 8 de junho de $SHIB .
Basta olhar e arriscar de acordo com seu portfólio e seguir o MeX.
#TopCoinsJune2024  #Write2Earrn  #MemeWatch2024  #shiba⚡  

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Hi Guys, How PEPE traders can profit from this near-term volatility What are the odds on PEPE reversing its bearish trend? The memecoin market’s sentiment improved as its total market cap surged by 10% to over $42 billion over the past 24 hours. Additionally, the Crypto Fear & Greed Index showed a ‘neutral’ reading after hovering in the fear zone for a long time. PEPE lost all its near-term bullish edge after it recently declined below its 20-day and 50-day EMAs after reversing from the $0.0000127 resistance. However, the recent rebound from the memecoin’s immediate support level has set the stage for buyers to re-enter the market. PEPE was trading at $0.0000086, at the time of writing. Can PEPE bulls reverse the near-term trend? PEPE had entered a relatively long-term bearish trend, as the price action kept marking lower highs and lows while losing crucial support levels. In the meantime, PEPE formed a descending channel pattern on its daily chart, depicting a relatively high bearish edge, and fell below its 20-day and 50-day EMAs. Here, it’s worth noting that PEPE recently saw an expected breakout from its descending channel, one that helped the buyers retest the $0.0000127 resistance in mid-July. However, the bears stepped in to provoke a steep downtrend from this resistance level amid market uncertainty. This downtrend has now found support at the confluence of the horizontal and diagonal support levels near the $0.0000065 – $0.000007. The buyers would now aim to provoke a near-term uptrend. Alas, the $0.0000087 resistance could pose near-term hurdles. Should PEPE find a close above this level, bulls would aim to retest the $0.0000127 in the coming sessions. On the other hand, if the broader market sentiment continues to deteriorate, the memecoin could test the next major support level at $0.0000049. #TONonBinance #XRPVictory #MarketDownturn #BinanceTurns7 #Write2Earn!

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Hi Guys, It's Big & Big #Update About $BTC Falling !!! Bitcoin Shows Signs of Falling Below Critical Range Bitcoin (BTC) shows signs of falling below a critical range, indicating bears’ dominance. For the past five months, price action has been in a consolidation phase, with expectations of surpassing the $70,000 level unmet. Technical indicators suggest more action before reaching the $70,000 level. Bulls Fail to Show Strength in Bitcoin Since the beginning of 2023, Bitcoin has seen a parabolic recovery, but in the first half of 2024, it started trading within a descending parallel channel formation. This formation caused a ripple effect, increasing the bears’ influence on the cryptocurrency market. Although bulls occasionally supported the price, the selling volume surpassed their support, increasing the downward pressure on Bitcoin. Bitcoin’s recent pullback from the $70,000 level caused the price to drop to $64,000. Large investors (whales) played a significant role in this decline, and the price fell below the 200-day Moving Average (MA) on the daily timeframe. The price falling below the critical MA level had a negative impact on the markets and hindered Bitcoin’s price recovery. Control May Shift to Bears Currently, Bitcoin’s future price action is highly uncertain. The uncertainty is expected to give way to a decline, with an important bearish signal, the Death Cross, anticipated to occur soon. This signal is expected to form with the downward crossover of the 50-day and 200-day MAs, indicating that bears have taken full control and a new downtrend is likely to begin. Bitcoin’s inability to rise above the average range of the descending parallel channel during the recovery process has raised questions about the next price movement. Trading volume fluctuates constantly between bulls and bears, leading to uncertain price movements. This weekend’s price action could be crucial in determining the next step for the largest cryptocurrency. #XRPVictory #MarketDownturn #BinanceTurns7 #Write2Earn!

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